Lafayette Investments Inc. Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Lafayette Investments Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,022 shares of the exchange traded fund’s stock after purchasing an additional 94 shares during the quarter. Lafayette Investments Inc.’s holdings in SPDR Gold Shares were worth $387,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $25,000. Johnson Midwest Financial LLC increased its holdings in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 140 shares during the last quarter. Private Ocean LLC increased its holdings in SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth about $34,000. Finally, Worth Asset Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $36,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.6 %

GLD traded up $1.35 during trading hours on Friday, hitting $221.69. The stock had a trading volume of 2,962,522 shares, compared to its average volume of 7,809,707. The company’s fifty day simple moving average is $200.89 and its 200 day simple moving average is $190.48. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).